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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net Income $ 4,853 $ 5,560
Items not requiring (providing) cash    
Depreciation and amortization 867 841
Provision for loan losses 200 600
Expense of share-based compensation plan 253 147
Amortization of premiums and discounts on securities 137 170
Amortization of intangible assets 4 5
Amortization of originated mortgage servicing rights 714 613
Impairment (recovery) of mortgage servicing rights 1,398 (70)
Proceeds from sale of loans held for sale 117,048 119,751
Originations of loans held for sale (119,599) (112,793)
Gain from sale of loans (3,413) (3,968)
Loss (gain) on sales of assets 7 (21)
Net gains on sales of securities (206)
Changes in    
Interest receivable (387) (175)
Other assets (3,673) (1,674)
Interest payable & other liabilities 2,578 2,666
Net cash provided by operating activities 781 11,652
Investing Activities    
Purchases of available-for-sale securities (8,840) (15,168)
Proceeds from maturities of available-for-sale securities 8,957 6,486
Proceeds from sales of available-for-sale securities 7,375
Net change in loans (42,621) (65,597)
Purchase of premises, equipment (779) (745)
Proceeds from sales of premises, equipment 7 133
Purchase of bank owned life insurance (50)
Purchase of Federal Home Loan Bank stock (525)
Proceeds from sale of foreclosed assets 69 152
Acquisition, net of cash acquired (2,600)
Net cash used in investing activities (39,007) (74,739)
Financing Activities    
Net increase in demand deposits, money market, interest checking & savings accounts 4,222 18,165
Net increase in certificates of deposit 32,600 5,114
Net increase (decrease) in securities sold under agreements to repurchase (1,216) 3,109
Proceeds from Federal Home Loan Bank advances 8,000 13,000
Repayment of Federal Home Loan Bank advances (8,000) (5,000)
Net proceeds from share-based compensation plans 30 189
Stock repurchase plan (1,497) (109)
Issuance of common shares 139 27,912
Dividends on common shares (1,142) (1,008)
Dividends on preferred shares (487) (488)
Net cash provided by financing activities 32,649 60,884
Decrease in cash and cash equivalents (5,577) (2,203)
Cash and cash equivalents, beginning of year 48,363 26,616
Cash and cash equivalents, end of year 42,786 24,413
Supplemental cash flow information    
Interest paid 4,198 2,366
Income taxes paid 3,280 1,730
Fair value of assets acquired - premises and equipment 1,161
Supplemental non-cash disclosure    
Initial recognition of right-of-use lease assets 293
Transfer of loans to foreclosed assets $ 477 $ 86